An article by a Blockchain Capital partner centers on “arbitrage” as a core strategy behind successful crypto companies. Rather than treating arbitrage only as a trading technique, the article describes it as a way to identify gaps in markets or institutions, then build a company around those gaps.
The piece cites Tether, Circle, Ethena and RedotPay as examples. Through these cases, it explains how crypto businesses can begin with an unmet need or a structural opening, create a growth flywheel, and convert a temporary advantage into a more durable barrier. The emphasis is on finding the opening first, then reinforcing it through execution, trust, distribution and product design.
The article also says founders need to become “bilingual.” In this framing, they must understand crypto-native capital markets while also speaking the language of mainstream business, including compliance, institutional trust and consumer-grade products. That combination is presented as essential for moving from cold start to broader adoption.